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Business Insight
Business Insight
What is a Purchase Requisition? Example and its Workflow Steps
The purchase requisition procedure is crucial for effective procurement management, helping businesses streamline purchasing,...
Business Insight
Value Chain: Definition, Components, and What Are the Steps to Analyze It
In today’s competitive business environment, effectively managing a value chain has become crucial for...
Business Insight
Salvage Value: Definition, Example, and Calculation Process
Salvage value is the estimated residual value of an asset at the end of...
Business Insight
Demand Forecasting: Definition, Types, and Key Methods
Singapore's dynamic corporate landscape is characterized by rapid technical breakthroughs and shifting consumer behaviors....
Business Insight
Depreciation: Its Meaning, Formula, and How to Calculate It
Depreciation is an important tool in financial management because it allows organizations to spread...
Business Insight
Purchase Journal: Definition, Format, Types, and How to Record It
Purchase journal tracking credit purchases accurately is critical for organizations, particularly in Singapore. The...
Business Insight
Operating Margin: Definition, Formula, and How to Calculate it
Operating margin is an important financial indicator that indicates a company's operational effectiveness. It...
Business Insight
Profitability Ratios: Definition, Importance, and How To Improve it
Profitability ratios are important financial measures that help businesses evaluate their capacity to create...
Business Insight
Profit and Loss Statement: Definition, Types, and Template Example
The Profit and Loss (P&L) statement is essential for understanding a company’s financial health...
Business Insight
What Is a Stock Keeping Unit (SKU) and Its Purpose?
A Stock Keeping Unit (SKU) is essential for businesses to manage inventories, track stock,...
Business Insight
Bank Reconciliation: Definition, Example Template, and How to Do It
Bank reconciliation is an important financial process that compares a company's internal financial records...
Business Insight
Accounts Payable Turnover Ratio (APTR): Definition and Formula
The accounts payable turnover ratio (APTR) is an important financial metric that indicates how...
Business Insight
Capital Expenditure (Capex) Definition, Categories, and Planning
Capital expenditure (Capex) refers to the cash used by a firm to buy, improve,...
Business Insight
Earnings per Share: Definition, How To Calculate, and Limitations
Earnings per share (EPS) is a financial term that calculates a company's earnings per...
Business Insight
Understanding Foreign Worker Levy: How to Pay and Rules Guide
The overseas Worker Levy is a monthly tax imposed by the Singapore government on...
Business Insight
Obsolete Inventory Guide: Definition, Causes and How to Manage
Obsolete inventory is defined as stock products that are no longer usable, sellable, or...
Business Insight
Understanding a Tax Invoice in Singapore’s Business Environment
Singapore has a strong and well-organized tax system that plays an important part in...
Business Insight
Gantt Chart: Definition, Benefits, and How to Make it
A Gantt chart is a project management tool that visually represents a project’s schedule,...
Business Insight
Inventory Accounting: Definition, Valuation Methods and Best Practices
Inventory accounting is crucial for addressing financial challenges in a business. It ensures accurate...
Business Insight
Prorated Salary: Definition, How to Calculate, and Benefits for Business
Prorated salary refers to modifying an employee's pay based on the time worked within...
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